People are now only relieved from the cash crunches that was caused due to the Demonetisation.The honorable PM Modi announced this aggressive move overnight that 500 rs notes nad 100 rupee notes will not be valid overnight.People queued in Atm’s and banks to exchange their old notes.
Now 10 rupee coins are under the same scare.A message telling that RBI has planned to make the 10 rupee coins invalid is spreading virally in the media.So people are not ready to accept this in their shops.though RBI has denied this news and has ordered the shops to accept it.Still, there is a fishy state of mind prevailing for the shopkeepers.
In this state, in Trichy, a Milk company approached the bank to deposit 33 lakhs in the denomination of 10 rupee coins.the bank has rejected it because of lack of available space.This has once again kindled people’s doubt whether to accept 10 rupee coins.
